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Section - 10 (37-A) - Tax incentive for the development of capital of Andhra Pradesh

 

The new capital of Andhra Pradesh is being constructed by land pooling mechanism without the use of Land Acquisition Act.

It is proposed to provide relief to an Individual or HUF who was the owner of such land as on 02.06.2014 and has transferred such land by inserting of new sub-clause 37-A to provide that in respect of such persons capital gains arising from specified transfer shall not be chargeable to tax


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